Lisle Woodridge Fire District. Proposed Budget Follow-up For the 12 Months Ended December 31, 2019

Transcription

1 Lisle Woodridge Fire District Proposed Budget Follow-up For the 12 Months Ended December 31, 2019

2 Strategic Plan Strategic Priority Desired Outcome Key Outcome Indicator (KOI s) Target Strategic Initiatives Financial Sustainability FINANCE Adequate fund balance Operating cost reductions Revenue enhancement Year-end fund balance Operating costs Revenues Meet/achieve/maintain fund balance policy Operate within a balanced budget 10% increase of nonproperty tax revenue a) Comprehensive review of all funds: Fund Balance at 73% b) Balanced budget: Positive Net Position $577,248 c) Comprehensive Analysis of Non- Property Tax Revenue:19% Increase in Amb Fees Budget d) 3 5 Year Financial Plan: Strategic Planning process in 2019 to develop a Year Financial Forecast Operational Effectiveness OPERATIONS Demonstrated excellence in service delivery Efficient staffing Safe work environment Meet or exceed consensus standards- NFPA/ISO/CPSE Calls and shift deployment Loss time Accredited Agency March 2019 Appropriate staffing levels determined Reduction of 5 % in loss time a) Complete Accreditation Process: In Progress b) Implement injury reduction strategy: Change in Work Comp Carrier, Mandatory Morning Fitness Program, Light Duty Program and Physician-Guided Weight Loss and Nutrition Program

3 2019 Balanced Budget Balanced Budget: Positive Net Position of $577, Year Forecast of sustainable reserves to $17,613,899 at 2029 (Funding 100% of ADC) 2019 ending fund balance of $16,490,597 or 80% of fund balance to expenditure ratio 91.2% of Total Budget is for Personnel, Overtime, Pension, Health, Life & Work Comp Insurances and Retirement (SS and Med) Total Operating Expenses (including pension) increased $311,203 or 1.6% Total Pension Expenses increased $253,142 or 4.8% (81% of increase) Total Operating Expenses (excluding pension) increased $58,061 or 0.4% (19% of increase)

4 Tax Objections Tax Year Type of objection Amount at risk 2011 IMRF $1, Audit $1, Tort Fund $30, Audit $ Tort $23, Tort $22, Social Security $ Tort $23, Tort $10, Per Attorney Joe Miller: The objector withdrew all of the objections with an amount less than $1,500 (in gray). For the remaining Tort objections, we reached a bundled settlement of around $53,000. The older Tort Fund objections were for improper expenditures or an illegal diversion of funds. Essentially, we would be arguing over the use of Tort Funds to be for salaries or other expenditures. The problem was that for some of the older 2011 and 2012 objections the audit shows use of Tort Funds for travel, professional services and education. The District adopted a risk-management policy later, 2015 or so, detailing the use of Tort Funds. This prevented the District from getting a 2016 objection. The amount of the objections are relatively small when compared with the District s levy and revenues. The objections are also much smaller compared to other Districts.

5 Revenues For the 12 Months Ended December 31, 2019

6 2019 Revenues Account Description 2019 Budget 2018 Budget % of Budget 2018 Projected Property Taxes 14,018,890 13,985, % 13,989,727 Pension Taxes 5,017,234 4,663, % 4,663,907 TIF Surplus 87,000 87, % 87,088 Deannexation Taxes 4,000 8, % - Replacement Tax 110, , % 109,834 Charges for Services 122, , % 122,463 Ambulance Fees 2,489,000 2,089, % 2,461,553 Interest Income 54,500 38, % 177,763 Other Income 18,000 5, % 139,023 FFIB 50,000 - n/a 9,183 Grant/Donations 15, n/a 701 Debt Proceeds 562,990 - n/a - 22,549,864 21,103, % 21,761,243 Transfer-In 4,600,000 4,760, % 4,760, Revenues 27,149,864 25,863, % 26,521, Revenues 25,863,159 % Diff 105% 6

7 Historical Property Tax Collections Pct. Increase over Prior Year 7

8 LWFD Portion of Tax Bill 2017 Woodridge Woodridge Library 3.5% Lisle Township 1.3% DuPage Airport Auth 0.2% Village of Woodridge Park Woodridge Dist 3.0% 6.2% Lisle-Woodridge FPD 9.1% Lisle Forest Preserve Dist 1.4% County Health Dept 0.5% DuPage County 1.4% College % School Dist 68 & % Unincorporated Woodridge Total Tax Rate Milton Twp Mosq Dist Lisle-Woodridge FPD LWFD Rate % 11.4% Milton Township % of Total 9.0% 9.1% 2.2% DuPage Airport Auth 0.2% Forest Preserve Dist 1.8% Lisle Total Tax Rate LWFD Rate % of Total 10.5% 10.5% County Health Dept 0.6% DuPage County 1.8% College % School Dist 89 & % Unincorporated Total Tax Rate LWFD Rate % of Total 11.3% 11.4%

9 2018 Proposed Property Tax Levy (5% NC) (CPI = 2.1, New Growth = 6,000,000, Est. EAV = 2.3B) Fund 2.40% Over Last Year s Extension New Money = $448,520 (Ops = $93,543; Pension = $354,977) Annual Tax Increase for Taxpayer of $300,000 Property Value = $20 PTELL Reduction of.9833 Levy Request Levy Request Plus 1% Max Rate Calc. Rate Actual Rate Non-PTELL Extension (Actual Rate x County Total EAV) PTELL Reduction Factor Limited Rate Total Extension Prior Year Corporate 8,700,000 8,787, ,788, ,641,822 8,309,509 Ambulance 4,600,000 4,646, ,647, ,569,759 5,041,192 Tort Liability 750, , , , ,825 IMRF Audit Social Security 130, , , , ,267 Pension 4,805,000 4,853, ,854, ,773,362 4,432,189 Pension 240, , , , ,068 Total Capped 18,985,000 19,174, ,183, ,862,699 18,427,983 Total Not Cap 240, , , , ,068 Total All 19,225,250 19,417, ,426, ,106,571 18,658,051 Inc 19,225,250 18,658, % 18,862,699 18,427, , % No Publish 243, , , %

10 2018 Pension Funding Considerations (5%) Policy at 100% Pension Annual Required Contribution (ADC) = $5.5M 2017 Pension Capped Levy = $4,773, Pension Non-Cap Levy = $243, District Reserve Contribution = $456,821 TOTAL PENSION = $5,474,055

11 Expenditures For the 12 Months Ended December 31, 2019

12 Contractual Budget Increases Total Operating Expenses (excluding pension) increased $58,061 or 0.4% (19% of total increase) Personnel, Overtime, Health, Life & Work Comp Insurances & Retirement (SS and Med) decreased ($30,854) Total Dispatching (increased shares and 2 nd facility) increased $23,328 or 8% Total Ambulance Billing Due to Larger Collections increased $11,000 or 11% Dues increased $7,315 for Target Solution software $7,360 Fuel Costs increased $10,000 or 18% based on current trend Conferences and Seminars increased $20,583 due to Accreditation

13 2019 Expenditures Account Description 2019 Budget 2018 Budget % of Budget 2018 Projected OPERATING EXPENDITURES Personnel Compensation and Salaries 8,865,374 8,881, % 8,563,408 Overtime 578, , % 1,054,257 Insurance (Health/Life/WC) 3,019,004 2,990, % 2,880,703 Pension Funding 5,474,055 5,220, % 5,220,913 Retirement 153, , % 151,883 Professional Services - Dispatch 329, , % 304,203 Ambulance Billing 110,000 99, % 95,266 Accounting, Consulting & Legal 264, , % 283,652 Physicals 80,000 80, % 30,784 Printing 1,750 1, % 1,266 Dues 11,560 4, % 4,387 Property & Vehicle Services Building Maintenance 60,000 60, % 64,215 Vehicle Maintenance 87,228 87, % 83,896 Equipment Maintenance 65,724 75, % 75,661 Property & Liability Insurance 130, , % 118,876 Fuel 65,000 55, % 55,619 Utilities 121, , % 116,777 Station Supplies 28,000 30, % 27,011 Training & Supplies Conferences and Seminars 88,608 68, % 56,127 Supplies 126, , % 106,223 Uniforms 118, , % 78,337 FFIB 50,000 - n/a - Misc - - n/a Expenditures 19,829,026 19,517, % 19,373, Expenditures 19,517, % Diff 102%

14 Capital Expenditures (For Discussion) Turn Out Gear = $45,000 Concrete Replacement St. 51 and St. 54 = $54,800 Roof Replacement St. 51 = $95,000 Resurface Parking Lot St. 52 = $67,000 Replace Countertops and Cabinets St. 52 = $35,000 Replace 2000 E-1 Engine = $562,990 (Financed) Replace 2006 Ambulance International = $275,000 Replace 2009 Ford Expedition = $38,000

15 Possible Joint Capital Purchases (LWFD) Maint # Vehicle Make/Model Comments Year Curre Usefu nt Life l Life ADMINISTRATION AD-27 Ford E-150 Van Station 1 Spare AD-29 Ford Expedition Battalion Spare AD-30 Ford Crown Victoria Replacement Cost AD-31 Ford F-350 Supercab Maintenance ,900 2,993 2,993 2,993 2,993 2,993 2,993 2,993 2,993 2,993 AD-32 Ford Escape EMS ,000 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 AD-33 Ford Escape FPB Inspector ,000 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,400 AD-35 Ford Crown Victoria Station 1 Pool Car NO PLANS TO REPLACE AD-37 Ford Escape FPB Inspector ,000 1,533 1,533 1,533 1,533 1,533 1,533 1,533 1,533 1,533 AD-38 Ford Escape FPB Chief NO PLANS TO REPLACE AD-39 Ford Expedition Chief Krestan ,000 2,533 2,533 2,533 2,533 2,533 2,533 2,533 2,533 2,533 AD-42 Ford Explorer ,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 AD-40 Ford Expedition Battalion Chief ,000 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 AD-44 Ford F250 Maintenance ,500 1,833 1,833 1,833 1,833 1,833 1,833 1,833 1,833 1,833 AD-43 Ford Explorer Safety/Training Chief ,800 2,187 2,187 2,187 2,187 2,187 2,187 2,187 2,187 2,187 AMBULANCES AM-15 International Life Line ,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 AM-17 International Life Line ,000 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 AM-18 International Life Line ,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 AM-19 International Life Line ,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 AM-20 International Life Line ,000 32,500 32,500 32,500 32,500 32,500 32,500 32,500 32,500 32,500 ENGINES E-16 E-One 1500 GPM Pumper NO PLANS TO REPLACE E-17 Pierce 1500 GPM Pumper ,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 E-18 Pierce 1500 GPM Pumper ,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 E-19 Pierce 1500 GPM Pumper ,000 72,500 72,500 72,500 72,500 72,500 72,500 72,500 72,500 72,500 E-20 Pierce 1500 GPM Pumper ,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 TRUCKS T-7 Pierce / Job # ft Truck NO PLANS TO REPLACE T-8 Pierce / Job # ft Platform Truck ,300, , , , , , , , , ,500 Special Use 2208 Ford Mabas truck SE-17 International URRT Unit SE-19 Zodiak Boat Rescue Boat Lisle Woodridge Fire-Protection District Fleet Replacement Plan Funding Schedule NO PLANS TO REPLACE NO PLANS TO REPLACE NO PLANS TO REPLACE NO PLANS TO REPLACE DUE TO LOW USAGE NO PLANS TO REPLACE DUE TO LOW USAGE NO PLANS TO REPLACE DUE TO LOW USAGE Required Reserve 609, , , , , , , , ,213 In keeping sustainable reserve levels with constant additions to reserves Beg (89,295) 1, , , , , , , ,769 the purchases/financing schedule assumes the following: Purchases , , ,000-45,000 - All vehicles and ambulances are to be purchased from reserves. Lease Payments 289, , , ,501 97, , , , ,000 All trucks be financed/leased for 5 years based on Pierce Tax Exempt Lease Purchase Budget Contributions to Reserve 380, , , , , , , , ,000 All engines are to be financed/leased for 7 years based on Pierce Tax Exempt Lease Purchase Net 1, , , , , , , , ,769

16 Fund Balance For the 12 Months Ended December 31, 2019

17 2019 Fund Balance General Ambulance Tort Liability Audit IMRF Social Security / Medicare Fleet Replace ment Facility Improvem ent Pension OPEB NET CHANGE IN FUND BALANCE (867,523) (778,144) (131,093) - (3,235) (7,731) (97,500) (5,800) 2,343, , ,248 Total Actual PROJ. BEGINNING FUND BALANCE 5,289,492 5,797, , ,286 20, ,270 98,600 3,479, ,127 15,913,349 ENDING FUND BALANCE 4,421,969 5,019, , , ,770 92,800 5,822, ,222 16,490,598 Fund Balance as % of Total Expenditures 70% 64% 26% n/a 2% 9% 47% 13% 106% 176% 73% $25,000,000 $20,000,000 $21,986,874 $21,761,243 $21,103,159 $21,409,626 $20,530,815 $20,318,888 $15,000,000 $10,000,000 $5,000,000 $- $577,248 $572,344 Revenues Expenditures Surplus/Deficit 2019 Budget 2018 Budget 2018 Projected $1,442,354 17

18 10-Year Financial Forecast For the 12 Months Ended December 31, 2019

19 Revenues vs. Operating Expenditures 19

20 Estimated Ending Fund Balance General Ambulance Tort Liability Audit / IMRF / SS &Med Fleet & Facility Pension OPEB Total Actual 2018 EST. ENDING FUND BAL 5,289,492 5,797, ,144 24, ,870 3,479, ,127 15,913, EST. ENDING FUND BAL 4,421,820 5,018, ,052 13, ,570 5,822, ,222 16,490, EST. ENDING FUND BAL 4,420,382 4,441, ,728 16,942 1,484,738 6,238, ,668 17,652, EST. ENDING FUND BAL 4,529,642 4,502, ,725 18,636 1,881,240 6,462, ,292 18,477, EST. ENDING FUND BAL 4,792,901 4,768, ,742 23,295 1,184,256 6,695, ,019 18,581, EST. ENDING FUND BAL 4,866,252 4,824, ,779 29,119 1,283,429 6,305, ,887 18,460, EST. ENDING FUND BAL 4,389,926 4,381, ,837 33,487 1,898,833 6,532, ,939 18,424, EST. ENDING FUND BAL 3,947,636 3,942, ,916 38,510 2,352,273 6,768,114 1,015,217 18,273, EST. ENDING FUND BAL 3,881,635 4,005, ,837 44,286 2,355,357 7,011,766 1,051,765 18,557, EST. ENDING FUND BAL 3,956,312 4,085, ,916 50,929 2,354,298 6,900,981 1,089,629 18,647, EST. ENDING FUND BAL 3,972,066 4,099, ,015 58,569 1,913,154 7,149,416 1,128,855 18,533, EST. ENDING FUND BAL 4,111,817 4,254, ,439 67, ,651 7,406,795 1,169,494 18,138,899

21 Estimated Pension Contributions Unaudited 2018 Budget 2019 Forecast 2020 Forecast 2021 Forecast 2022 Forecast 2023 Forecast 2024 Forecast 2025 Forecast 2026 Forecast 2027 Forecast 2028 Forecast 2029 Estimated Pension Property Taxes 4,663,907 5,017,234 5,067,406 5,118,080 5,169,261 5,220,954 5,273,163 5,325,895 5,379,154 5,432,945 5,487,275 5,542,148 Contribution from Reserve 557, , , , ,530 1,084,962 1,259,766 1,442,219 1,632,613 1,831,245 2,038,426 2,254,478 Total Pension Contribution 5,220,913 5,474,055 5,671,121 5,875,281 6,086,791 6,305,916 6,532,929 6,768,114 7,011,766 7,264,190 7,525,701 7,796,626